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In addition, AI startups are often founded and led by people of purely technical interests who do not know how to make money. AI will die alone if does not have the financial backing and is not backed up by a competent market development strategy. “The story here is that AI startups have to find a way to work with traditional businesses to identify problems and then apply AI to solve them and make money together. They should not only sell software, they should also help traditional businesses increase labour productivity," the president of NextTech said. … [Read more...] about Positioning AI startups for success

The case began in 2004, when Washington accused Britain, France, Germany and Spain of providing illegal subsidies and grants to support the production of a range of Airbus products. (AFP/GUILLAUME SOUVANT) The ruling is the largest arbitration award in WTO history and a landmark moment in the Airbus-Boeing battle, which threatens to intensify already strained trade relations between the US and the European Union. … [Read more...] about WTO approves US tariffs on EU goods in Airbus retaliation

Binh also explained that the majority of local startups do not know how to prove themselves for investors. “They cannot prove their products make more money and create more profit, while the majority of investors who are not so knowledgeable about technology only care about profitability,” said Binh. … [Read more...] about Dispelling AI startups” mistrust of investors

DHB added that the company is currently struggling with large financial costs, especially since the beginning of this year. The company has not managed to arrange an extension to its repayment schedules with lenders, and has been unable to balance its finances to pay off debts, racking up overdue interest of 18 per cent on overdue capital. … [Read more...] about Vinachem subsidiary DHB appoints new CEO to tackle losses